Ovzon secures additional debt and receives interest for equity financing
Ovzon AB has secured additional financing, to finalize and launch the Ovzon 3 satellite, by increasing the current loan facility with P Capital Partners from USD 60 million to USD 65 million and through confirmed interest from several major shareholders, including Öresund, Bure, Handelsbanken Fonder, Fourth AP-fund and AFA Försäkring, to subscribe for SEK 200 million in an equity issue.Today, in a separate press release, Ovzon announced the delay of the Ovzon 3 satellite and the subsequent shift to SpaceX as launch provider. As a consequence, Ovzon estimates an increased cost of the Ovzon 3